The expected end of quantitative tightening could bode well for BTC and other risk assets, but gains may be tempered by stagflationary adjustments in economic projections.
Turkish Markets Sink Most in World as Erdogan Deepens Purge
(Bloomberg) -- Turkey’s lira sank, an equity selloff triggered a trading halt, and government bond yields surged to the highest levels this year as investors dumped the nation’s assets after the arrest of a key rival to President Recep Tayyip Erdogan. Most Read from BloombergWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in
Foreign Funds Pile Into Indian Debt Even as They Dump Stocks
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleGlobal funds are set to boost their holdings of Indian bonds in March by the most in six
Stock market today: Dow, S&P 500, Nasdaq futures hold steady as Wall Street braces for Fed's next rate move
US stock futures remained flat as investors braced themselves for the release of the Federal Reserve's next policy decision amid a volatile trading week.
North Dakota Senate Passes Crypto ATM Bill to Create Licensing Regime
North Dakota House Bill 1447 mandates that virtual currency kiosk operators obtain money transmitter licenses, utilize blockchain analytics to detect fraud, and limit individual daily transactions to $2,000.
Stock market today: Wall Street rises ahead of Fed announcement
U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.7% in morning trading. The relatively quiet trading is a respite following weeks of sharp and scary swings for the U.S. stock market.
Morgan Stanley Closes Controversial Sell Call on SK Hynix Stock
(Bloomberg) -- Morgan Stanley analysts upgraded SK Hynix Inc. to equal-weight form underweight, saying they mistimed their downgrade last September as the stock has since rallied on optimism about the company’s prospects in supplying cutting-edge memory chips. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite
Indonesia Woes Spread as Bank Scraps Bond, Credit Market Slumps
(Bloomberg) -- An Indonesian state-owned lender scrapped a planned sale of dollar bonds after a stock market rout in the country quickly spread to other asset classes.Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StylePT Bank Tabungan Negara pulled its of
BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat
(Bloomberg) -- China’s stock rally may face a “meaningful correction soon” given its similarities with the 2015 boom and bust cycle, according to strategists at BofA securities. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleThe Hang Seng China Enterp
Gold prices hold steady as investors eye U.S. Fed verdict
Gold prices were little changed on Wednesday, after touching a fresh record level earlier in the day on continued safe-haven demand, as investors awaited the U.S. Federal Reserve's interest rate decision due later in the day. Spot gold fell 0.1% to $3,030.13 an ounce, as of 09:35 a.m. ET (1335 GMT). "There are concerns that tariffs could spark inflation, and there's a consensus that despite rising prices from U.S. tariffs, the Federal Reserve might start easing policy around mid-year," said Bart Melek, head of commodity strategies at TD Securities.